Mars Finance News, on April 2, according to The Block, Elon Musk's social media platform X has filed a request with the US Supreme Court to prevent law enforcement from forcing companies (such as cryptocurrency exchange Coinbase) to hand over users' financial data. In an amicus brief submitted to the Supreme Court last Friday, X Corp. stated that the IRS had obtained Coinbase's transaction records for three years through a subpoena without a search warrant, involving transaction records of more than 14,000 customers, including those of petitioner James Harper. The social media giant X, along with seven other research institutions and advocacy organizations, questioned the use of "suspicionless subpoenas," arguing that such requests violate users' privacy rights. X Corp. claimed that the IRS "obtained a large number of Coinbase user records through mass subpoenas without specific suspicion," thereby infringing on Harper's Fourth Amendment rights.
X asks U.S. Supreme Court to block law enforcement from forcing companies to hand over user financial data
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